Tom Palmer9 Items to Inspect in an Offer to Purchase Real Estate
- Closing date: Is the date that the buyer has specified reasonable?
- Repairs: Are the repairs requested acceptable?
- Earnest money: Does the amount of earnest money put down indicate that the buyer is serious? Do you require more earnest money?
- Mortgage contingencies: Does the buyer have a mortgage contingency and if so does it look reasonable?
- Other contingencies: What other contingencies has the buyer stipulated? If any look unreasonable, you’ll want to negotiate changes before signing.
- Date of possession: What date is specified and is it reasonable?
- Expiration date: How long do you have to respond to the offer?
- Closing costs: Is the buyer asking you to cover closing costs?
- Personal property: Is the buyer requesting that you leave any items that could be deemed personal property in the home?
